Delta Air Lines, Inc. · NYSE:DAL
Delta Air Lines — Corporate Update (June 2022)
6 slides from Delta Air Lines's corporate update, Jun 1, 2022
Slide 1: June Quarter 2022 Commentary and Updated Guidance
Updated Guidance Prior Guidance Total Capacity 1 82 - 83% ~84% Total Revenue 1,2 ~100% 93 - 97% CASM - Ex 1,2 Up 20 - 22% Up ~17% Fuel price 2,3 ($/gallon) $3.60 - $3.70 $3.20 - $3.35 Operating Margin 2 13 - 14% 12 - 14% • Delta expects strong June quarter 2022 results with adjusted total revenue fu
Slide 2: Additional Metrics for Financial Modeling
Additional Metrics for Financial Modeling 2 Profit Sharing Delta’s broad - based employee profit sharing program pays 10% of the company’s adjusted annual profit to all eligible employees up to $2.5 billion and 20% above that amount. Delta incurs employer taxes and other costs which add 2 to 2.5% at
Slide 3: Non-GAAP Financial Measures and Forward Looking Statements
3 Non - GAAP Financial Measures Delta sometimes uses information ("non - GAAP financial measures") that is derived from the Consolidated Financial Statements, but that is not presented in accordance with accounting principles generally accepted in the U.S. (“GAAP”). Under the U.S. Securities and Exc
Slide 4: Adjustments
Adjustments. We regularly adjust certain GAAP measures for the following items, if applicable, for the reasons indicated below: 4 Third - party refinery sales. Refinery sales to third parties, and related expenses, are not related to our airline segment. Excluding these sales therefore provides a mo
Slide 5: Free Cash Flow
5 Free Cash Flow. We present free cash flow because management believes this metric is helpful to investors to evaluate the company's ability to generate cash that is available for use for debt service or general corporate initiatives. Free cash flo w i s defined as net cash from operating activitie
Slide 6: Non-Fuel Unit Cost (CASM-Ex) reconciliation
Non-Fuel Unit Cost or Cost per Avalble Seat Mle, adjusted ("CASHES") ‘June 30,2027 “208-055 ~219)-235) ‘Ar fal and este aes ~635) Potter +020) TSE a2 ‘Average fuel price per gallon, adjusted “Avera fe pee pe Son ‘austed for TM egstnents and stiements on hedges “Aiwa ue price per gaton, aust [Non-ope